---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-25-000124"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:26:38.690286+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Diamondback Q2 EPS $2.38, FCF $1.2B; raises buyback cap to $8B, narrows oil guidance

## Summary
- Q2 net income $699M ($2.38 diluted EPS); adjusted net income $785M ($2.67). Cash from ops $1.7B; FCF $1.2B.
- Declared Q2 base dividend $1.00/share payable Aug 21; repurchased 3M shares in Q2 for $398M at avg $133.15.
- Board increased share repurchase authorization by $2B to $8B total; $3.5B remaining.
- Updated 2025 guidance: oil production 485-492 MBO/d, BOE 890-910 MBOE/d; capex lowered to $3.4-3.6B.
- Q3 oil guidance 485-495 MBO/d; capex $750-850M; also bought back $252M face value of notes at 76.8% of par.

## SEC filing metadata
- accession: 0001539838-25-000124
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2025-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983825000124/0001539838-25-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983825000124/fang-20250804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-25-000124
- JSON: https://secwatch.observer/filing/0001539838-25-000124.json
- Plain text: https://secwatch.observer/filing/0001539838-25-000124.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.